Chandler MHM


Unveiling the Rules: Thai SEC tweaks public offering (PO) regulations for listed companies undergoing rehabilitation proceedings

In response to the evolving business landscape and uncertainty of the Thai capital market, some listed companies appear to be on the brink of entering rehabilitation to seek rescue through the mechanism of the Bankruptcy Act. Under this framework, the listed companies will be subject to a rehabilitation plan approved by the creditors’ meeting and the Bankruptcy Court. Common rescue strategies often deployed in these rehabilitation plans by distressed businesses involve raising funds or converting debt into equity.